The USDJPY pair hovers around 122.62 level, waiting to get positive momentum that assist to push the price to confirm breaching this level followed by rallying towards our positive targets that start at 123.40 then 125.00.
Stochastic negativity interprets the reasons of the current sideways fluctuation, noting that failing to breach 122.62 will put the price under negative pressure that targets testing 121.10 as a first negative station.
The expected trading range for today is between 122.10 support and 123.20 resistance
The expected trend for today: Bullish
Origin: Economies
